Article Abstract:
Insurance companies are realizing the benefits of information technology. A systematic approach toward the assimilation of technology is more effective than an ad hoc approach. Insurance firms can manage assimilation through many techniques, including the use of outside experts, internal technologists and user task forces. The factors to consider when assessing a new technology include the amount of risk involved, the potential benefits and the amount of additional investment required.
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Article Abstract:
A policy holder who becomes disabled after choosing a lifetime income provision under LifeUSA's new Idea Annuity receives an additional 30-60% of monthly benefits. Disability, under the policy, means inability to perform some combination of nine basic activities of daily living. These activities include bathing, cutting toenails, climbing stairs, dressing, eating, medicating or administering prescribed medication and moving unassisted for a quarter-mile.
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Article Abstract:
Universal life policies are divided into personal and business markets under the new Easy Saver and Executive Advantage plans offered by The New England. The Easy Saver plan has both level and increasing death benefits available. The Executive Advantage plan groups all of a business's policies together. Restrictions, limitations and target premiums for both offerings are outlined.
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